For immediate release: January 17, 2024
On January 9, 2024, the Douglas County Libraries Board of Trustees approved the library’s 2024 budget with an estimated taxpayer savings of $5 million. This budget approval will help sustain library services and quality, while temporarily lowering the library’s tax levy this year.
In response to escalating tax assessments in Douglas County, the library’s Board of Trustees limited revenue growth to the rate of inflation and within the library’s historic average of about 6% each year. This temporary change is expected to result in estimated savings of over $5 million for Douglas County taxpayers.
After being called into special session by Governor Polis in November 2023 over the statewide escalation of property taxes, the Colorado Legislature changed the state’s property tax appraisal rates and added deductions setting back county assessor support to determine the library’s 2024 revenue. Rather than completing the budget in early December 2023, the board passed the library’s budget and allocated funding on January 9, 2024.
Visit DCL.org/board for more board and budget-related information.
Douglas County Libraries elevates our community by inspiring a love of reading, discovery and connection.
